BNSF Railway states that Union Pacific’s deal to acquire Norfolk Southern will hurt rail competition, increase rates, reduce service, and likely lead to operational issues.
With a new CEO, Ancora Holdings says CSX is now positioned to seek out a merger of its own.
Surface Transportation Board wants longer timeline to review proposed tie-up that would create first transcontinental railroad.
The biggest rail union backs a transcontinental merger proposal after winning job protections from UP, NS.
A coalition of rail shippers warns regulators that the proposed Union Pacific-Norfolk Southern merger will hurt service and raise costs.
Union Pacific CEO in Oval Office visit urged President Trump to deploy National Guard troops in Memphis and St. Louis.
The Surface Transportation Board has approved the acquisition of 420-mile regional Great Lakes Central Railroad by Watco.
Canadian Pacific Kansas City CEO Keith Creel again said his company would pursue alliances rather than near-term consolidation.
Investor Warren Buffett said BNSF parent Berkshire Hathaway won’t bid for Norfolk Southern or CSX.
U.S. Commerce Secretary Howard Lutnick backed Union Pacific’s proposed $72 billion takeover of Norfolk Southern, saying it will create more efficient transcontinental rail freight transportation.
FTAI Infrastructure is acquiring the Wheeling & Lake Erie Railway, the largest independent regional railroad in the U.S.
An association representing several thousand rail shippers is warning a merger of Union Pacific and Norfolk Southern will push freight rates higher and lead to unreliable service.
The Port of Los Angeles is poised to reap the benefits of Union Pacific’s acquisition of Norfolk Southern, its top executive says.
Ancora built its position in Norfolk Southern in 2023 and 2024.
The proposed acquisition creates the first transcontinental freight railroad.
Eliminating interchange should make rail a more attractive option for shippers in nation’s midsection, George and Vena tell analysts
Union Pacific and Norfolk Southern could announce a merger as early as next week, according to a published report.
Following news of the Union Pacific-Norfolk Southern talks, the Surface Transportation Board has published a resource guide to rail mergers.
Union Pacific and Norfolk Southern on Thursday confirmed that they are in advanced discussions regarding a merger.
Intermodal would be approximately 53% of a combined entity’s volume.
A trio of veteran experts will advise the Surface Transportation Board and chairman Patrick Fuchs as talk of mergers grows louder.
Goldman Sachs is advising BNSF Railway on a possible merger, according to a published report, just days after news broke of talks between Union Pacific and Norfolk Southern.
In a business as tightly coupled to its past as railroading, there is much at stake for several individuals in the proposed Union Pacific-Norfolk Southern merger.
Union Pacific, the largest publicly-held railroad, is in merger talks with eastern rival Norfolk Southern, according to a published report.
Autonomous trucking company Plus will go public via merger with Churchill Capital Corp IX.
Kreilkamp Trucking has acquired the assets of Iowa-based Gray Transportation.
According to a person involved in the discussions, freight forwarder Forto has reached out to competitors to discuss potential deals.
AIT Worldwide Logistics has acquired Krupp Trucking LLC, a St. Louis-based freight forwarder with 60 trucks.
IMC Logistics has acquired American Pacific Transportation, growing the company’s drayage capacity to more than 500 trucks in California.
Private firm Longpoint acquires 25 commercial logistics warehouses in South Florida for $262 million.
Canadian railway CN is acquiring family-owned Iowa Northern Railway, a 275-mile short-line railroad serving the Upper Midwest.
Canada Cartage, one of Canada’s largest transportation and logistics companies, has acquired Montreal-based GTI Group.
Swiss freight forwarder Kuehne+Nagel has acquired Farrow, a Canada-based customs broker, to expand its offerings across North America.
Toll payment platform Bestpass has acquired Fleetworthy Solutions with the aim of creating a one-stop shop for fleets for tolling, compliance and safety needs.
The freight market downturn has made profitability elusive.
OnLine Transport Inc. acquires 90-truck carrier A/T Transportation in Indiana.
3i Infrastructure-backed Regional Rail is adding Clinton Terminal Railroad to its assets in North Carolina.
Truckstop has acquired FreightFriend, an AI-powered carrier relationship management platform.
Former Celadon subsidiary Jaguar Transportation has been acquired by a consortium of U.S., Mexican investors.
Barnhart Transportation, a Pennsylvania-based carrier with 170 trucks, has been acquired for $53 million by Houston-based SMG Industries.
Mexico-based transporter Traxion has acquired Las Vegas-based BBA Logistics for $10 million.
NFI Industries has acquired warehousing and fulfillment provider SDR Distribution Services in Canada.
Canadian Pacific Kansas City, or CPKC, marked its first day as the merged company of CP and KCS on Friday.
Canadian Pacific laid out who will be in key leadership roles after the company merges with Kansas City Southern in April.
Shippers and others weigh in on the Surface Transportation Board approving the railroad merger of Canadian Pacific and Kansas City Southern.
Atlas Air has apparently cleared the final hurdle for its sale to Wall Street hedge funds.
A year ago, they fought over patent infringement. Now Ouster and Velodyne are one company seeking to win in the overcrowded lidar market.
Inside this edition: A merger or acquisition might be worth considering; big trends in the supply chain world this year; and a cannabis/3PL deal closes.
Trimble is acquiring German transportation management system provider Transporeon for $1.9 billion.
Coupa Software is being acquired by Thoma Bravo in a deal valued at $8 billion.
Atlas Air, a large cargo airline and lessor, is one step closer to becoming a private company after a shareholder vote.
Texas-based chemical transporter Quantix has acquired five carriers, adding more than 140 trucks to its fleet.
Truckload carrier Ascend announced the acquisition of Wisconsin-based Fuchs Trucking, a regional carrier with 96 trucks and 90 drivers. (Photo: Fuchs Trucking)
Promoting competition, Laredo’s rail conversion potential and passenger rail in Louisiana were among the themes explored in the second half of the seven-day hearing proceeding on the CP-KCS merger.
The Surface Transportation Board logged over 25 hours last week to hear from stakeholders about the advantages and drawbacks of the proposed Canadian Pacific and Kansas City Southern merger.
A Canadian whistleblower wants STB to press CP on how it plans to operate its private police force in the U.S. after its merger with Kansas City Southern.
Driver training schools are seeing an influx of those interested in joining the trucking industry.
On Monday, the Iowa-based truckload carrier acquired several assets from the Contract Freighters Inc. (CFI) portfolio
Inside this edition: What is everyone upgrading? … 2021 was the MVP year … More acquisitions in Q3
Canadian Pacific has won clearance from U.S. regulators for its KCS acquisition and has reached a labor agreement with union leaders for train and engine employees.
Mubadala Capital announces acquisition of Ontario-based Canada Cartage, one of the largest carriers in Canada.
Florida-based Patriot Rail plans to acquire Denver-based Pioneer Lines. Both companies operate short-line railroads in multiple states.
Unsure that financially struggling Romeo Power could keep supplying batteries for its electric trucks, Nikola is buying the company.
Senators and two U.S. House representatives from Illinois object to the railway merger between Canadian Pacific and Kansas City Southern as currently proposed, saying the Surface Transportation Board should respond to their constituents’ concerns.
The Surface Transportation Board will conduct a three-day hearing in late September to find out from Canadian Pacific and Kansas City Southern directly about issues related to the railways’ proposed merger.
New leaders, an electrification push and Scania influence mark the first year after the Traton’s $3.7 billion takeover of Navistar.
The STB is sifting through hundreds of pages on the perceived advantages and disadvantages of a merger between Canadian Pacific and Kansas City Southern.
Canada-based Shoreland Transport has acquired Connors Transfer Limited, increasing the company’s fleet to 258 trucks.
German logistics giant DB Schenker on Friday made a big move into the North American trucking market with a deal to acquire USA Truck.
Three commissioners of the Federal Maritime Commission contend a merger between Canadian Pacific and Kansas City Southern would result in diverting U.S.-bound intermodal traffic to Canadian ports.
Freymiller was founded by Don Freymiller in 1968 in Wisconsin. Today the company operates out of Oklahoma City providing reefer services nationwide.
Canadian firm adds truckload carrier with big transborder presence
Truckload carrier P.A.M. Transport will acquire Metropolitan Trucking for $77.4 million, its first purchase in almost 20 years.
CSX has completed its acquisition of New England short line Pan Am Railways. CSX first announced plans to acquire Pan Am in November 2020.
Heartland Express made its first acquisition since 2019 with its purchase of Smith Transport, a Pennsylvania-based truckload carrier.
Meritor’s $201 million purchase of Siemens’ electric propulsion unit is fine with Meritor suitor Cummins.
Omaha-based LGT Transport announced it has acquired Jason Thomas Trucking, a provider of liquid fertilizer transportation in the Midwest.
This FreightWaves Future of Supply Chain chat covers how Unilever considers supply chains, technology and growth in mergers and acquisitions.
Canadian Pacific believes its acquisition of Kansas City Southern is still on pace to receive federal approval sometime early next year.
AOI Capital has acquired 3PL RK Logistics Group, which specializes in e-commerce warehouse and distribution.
The Surface Transportation Board gives the green light for CSX to acquire Pan Am Railways.
CN and three other Class I railroads outlined to the Surface Transportation Board conditions that should be met before the board approves a merger between Canadian Pacific and Kansas City Southern.
Cummins Inc. will buy Meritor for $3.7 billion in a deal that combines traditional and new power components for commercial trucks.
Korean Air’s cargo division is propping up the entire airline with passenger traffic still underwater.
Covenant Logistics Group adopts a $30 million stock buyback plan and acquires AAT Carriers.
Traxens CEO David Marchand says that “known port congestion is only the tip of the iceberg.”
Canadian trucking firm Pride Group Logistics dramatically expands its U.S. presence with the acquisition of Texas truckload carrier Arnold Transportation Systems.
From capital investments to competitive access, issues that CSX has brought before the Surface Transportation Board reflect concerns facing the freight rail industry as a whole.
CN is asking the Surface Transportation Board to require Canadian Pacific to divest KCS’ Springfield Line in Missouri and Illinois to help ensure competition.
Canada Cartage makes its fifth acquisition in the past year as it buys Quebec-based dedicated contract carrier Laurentien Transportation.
Canadian Pacific and CSX want to show federal regulators and the broader public that they have widespread support for their proposed acquisitions.
Canada’s Titanium Transportation Group eyes future growth with the acquisition of Ontario-based carrier Bert and Son’s Cartage.
Cybersecurity and large fleets: Risks of cyberattacks on the rise Cybersecurity is becoming a major topic in trucking due to recent publicized ransomware attacks against motor carriers. Ransomware is a type of malware, with users locked out of their systems or files and data held hostage unless the company or user pays a fee to […]
Canadian trucking company Bison Transport has acquired Maine carrier Hartt Transportation Systems in one of its largest U.S. deals.
Trucking trends of 2021: Buying growth, expanding capabilities It’s the end of the year and for the trucking industry, disruption, record profits and new opportunities are all major themes to consider when predicting trends to watch in 2022. The trucking expansions into the LTL space and final mile and acquisitions of regional carriers indicate strategic […]
Maersk is becoming an integrated logistics goliath with the ability to provide freight management, transportation, warehousing and e-commerce fulfillment for big retailers and manufacturers.
Capacity crunch: Competition for carriers brings rising costs, new opportunities Continued freight demand and limited truckload supply are allowing trucking companies to be selective with which loads to take, causing greater competition among shippers. Customer characteristics are playing a key role in contract and spot rate negotiations with carriers reevaluating their customer mix based on […]
Auxo Investment Partners explains rationale for why it chose to invest in rail service providers.
Canadian Pacific has formally completed its acquisition of Kansas City Southern, and now both companies are waiting for the Surface Transportation Board to approve the merger.
TFI International expands its U.S. temperature-controlled business with the acquisition of Missouri trucking firm D&D Sexton.
